News & Analysis as of

Property Tax

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -

Illinois Supreme Court Hears Oral Argument on Hospital Property Tax Exemptions

by Franczek Radelet P.C. on

Yesterday, the Illinois Supreme Court heard oral argument in Oswald v. Beard, a case challenging the constitutionality of the statute exempting most hospitals from paying any property taxes. ...more

Tax Cuts and Jobs Act Taxes Some Incentives - ACREL News & Notes

Section 118 provides “[i]n the case of a corporation, gross income does not include any contribution to the capital of the taxpayer.” The regulations promulgated under Section 118 under prior law provide, with respect to...more

A Stolen Strad and Squatter’s Rights

What is Adverse Possession? Adverse possession is an ancient legal concept, going back at least to ancient Roman law, but the US concept of adverse possession comes from English common law. The concept of adverse...more

OIRA Updates Unified Agenda for Spring 2018

by McGuireWoods LLP on

The Office of Information and Regulatory Affairs has updated its Unified Agenda of Regulatory and Deregulatory Actions for Spring 2018, providing a comprehensive look at the federal agencies’ rulemaking plans in the...more

South Carolina Tax Litigation Update: First Quarter 2018

by McNair Law Firm, P.A. on

There were several notable state tax opinions issued by the South Carolina Administrative Law Court, Court of Appeals, and Supreme Court in the 1st quarter of 2018. A number of tax cases are also pending before the Court of...more

It’s That Time Again. What Time? Time To Review Your Pennsylvania Real Estate Assessments.

by Fox Rothschild LLP on

Are the real property taxes assessed against your property out of proportion to the actual value of your property? If so, what should you do? First, you need to determine if you have a basis to file an appeal to the...more

District Court Holds Tax Liens Stay With Property After Conveyance

by Fox Rothschild LLP on

United States v. Gerard, a recent case from the Northern District of Indiana, demonstrates how a tax lien, once attached, can stay with property even after the property is conveyed to someone other than the taxpayer. In...more

Maryland enacts legislation adopting single sales factor apportionment

On April 24, Maryland Governor Larry Hogan signed Senate Bill 1090 and House Bill 1794 (collectively, the Bills), which adds Maryland to the growing list of states that are moving towards a single sales factor formula to...more

The May 31 Deadline For 2018 Property Tax Appeals for Commercial and Industrial Properties Is Near

by Dickinson Wright on

May 31 is the deadline for filing property tax assessment appeals in the Michigan Tax Tribunal which contest the value of property classified as commercial real property, industrial real property, developmental real property,...more

Metro Changes Its Approach to Urban Expansion For The Better

by Tonkon Torp LLP on

Oregon law requires Metro, the regional government for the Portland area, to maintain an urban growth boundary (UGB) that includes enough land to accommodate 20 years of population and employment growth. Addition of new land...more

Draft North Carolina Tax Legislation Released

by Smith Anderson on

On April 11, 2018, the General Assembly’s Revenue Laws Study Committee released a draft tax bill for possible introduction in the legislative session that convenes May 16. This Alert provides a summary of the more important...more

Taxation/Valuation of Solar Panels: Arizona Court Addresses Assessment Issues

The Supreme Court of Arizona addressed in a March 16th opinion whether the Arizona Department of Revenue (“ADOR”) or County assessors are authorized to value solar panels owned by taxpayers and leased to residential and...more

Maine Enacts Property Tax Modernization and Improvement Law

by Pierce Atwood LLP on

Maine recently passed L.D. 1479, An Act To Modernize and Improve Maine’s Property Tax System, which implements certain changes to the state’s property tax assessment, review, and appeals processes. ...more

Michigan Tax Considerations for Alternative Energy Producers

by Varnum LLP on

Alternative energy producers planning to locate or expand in Michigan face a number of unique tax challenges. As a dynamic and highly technical industrial sector that has experienced tremendous growth over the last decade,...more

Wyoming Signs Cryptocurrency Bills Into Law

by Thompson Coburn LLP on

In March 2018, the state of Wyoming signaled its fervent support for the growth and development of blockchain and cryptocurrency by enacting into law a flurry of legislation intended to make the state a haven for certain...more

Indiana Modifies Tax Sale Notice Requirements and High Cost Home Loan Limits

by Weiner Brodsky Kider PC on

Indiana recently amended certain provisions of its state statutes and regulations relating to the state’s real property tax sale notice requirements and dollar amount threshold for high cost loans. These changes are...more

Georgia Legislature enacts significant income, sales, and property tax legislation

The Georgia legislative session concluded on March 29, 2018. In addition to two major bills relating to federal tax reform, Georgia enacted several other pieces of notable tax legislation....more

Vermont Legislative Update 03-30-2018 - An analysis from DRM's Government & Public Affairs Team

Senators Berate ANR Secretary over Missed Deadline - Agency of Natural Resources Secretary Julie Moore said on Thursday she's learned to put requests in writing after she sought legislative permission to delay promulgation...more

Starting in 2019 Indiana General Assembly imposes Heavy Equipment Rental Excise Tax in lieu of Personal Property Tax

by Faegre Baker Daniels on

The Indiana property tax filing season is upon us, with Form 136 exemption applications for the January 1, 2018 assessment date due by April 1st for taxpayers wishing to claim exemptions for real and personal property. ...more

Real Estate Winners and Losers Under Federal Tax Overhaul

by Tonkon Torp LLP on

In a prior post, I highlighted the effect the December 2017 Tax Cuts and Jobs Act has on Section 1031 tax deferred exchanges. While those changes affected investors in everything but real estate, other provisions of the Act...more

Business Litigation E-Note - March 2018

by Burr & Forman on

The regulation of virtual currencies, or cryptocurrencies, is evolving. In an important new decision from the United States District Court for the Eastern District of New York, the Court held, among other things, that the...more

West Virginia State Tax Department Files Administrative Notices To Provide Guidance Regarding the Valuation of Producing Oil and...

by Steptoe & Johnson PLLC on

On February 1, 2018, the West Virginia State Tax Department (the “State Tax Department”) filed its annual Administrative Notices with the West Virginia Secretary of State’s Office in order to provide guidance regarding...more

Real Estate Tax Help for Vertical Subdivisions

by Bilzin Sumberg on

For many years we have sought to address the problems faced by mixed-use developments where different uses in a single structure are carved up into separate fee simple parcels. ...more

Commonwealth Court Holds That Addresses Contained In Property Tax Assessment Records Are Public Records

by Tucker Arensberg, P.C. on

Butler Area School District v. Pennsylvanians for Union Reform, 1460 C.D. 2014, 2017 WL 4974552, at *1 (Pa. Cmmw. Nov. 2, 2017). The Commonwealth Court of Pennsylvania holds that addresses contained in property tax assessment...more

Property Taxes: Are Casinos Paying More Than Their Fair Share?

by Dickinson Wright on

As the proliferation of casinos continues throughout the country, the valuations they once commanded in property assessments (personal or real) has arguably declined. Newer facilities, or those built in the last 10-15 years,...more

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